Just Released: 2024 Contract & Commission StudyBy Jesse Williams
Editor's Note: A Premier membership is required to view the full report.
Commissions are falling. For now. After months of speculation—and years of trepidation—RISMedia can say definitively that at least in the short term, the percentage of a home’s sale price that agents and brokers claim as their hard-earned compensation has shrunk. Although still very early in the post-settlement era, this news is certain to worry many, as pundits and commentators have long claimed that a significant blow to commissions could permanently alter the residential real estate industry as we know it. But savvy real estate professionals know there is always a path forward. RISMedia’s landmark 2024 Contract & Commission Study, covering the last year (both pre- and post-settlement) and surveying over 1,300 agents and brokers across the country, has the details, diving deep into the seismic ripple effect of recent policy changes and honing in on when, where and how real estate compensation has changed. This vital data can serve as a roadmap to a successful future, pinpointing which brokerage models, regions or agent profiles are bucking the commission negatives, or how companies are adjusting in the face of new rules. This exclusive report offers the first independent, bird’s-eye view of a new era for real estate, allowing brokers and agents to make sure they are best positioned to thrive in a brave new world. Key takeaways include:
|
Today's Top Stories |